CalPERS Loses $69 Billion in Market Crash
Local governments and school districts will have some tough decisions to make.
CalPERS Retiree Gets Fund’s Largest Pension Ever at $34,884 a Month
The California Public Employment Retirees System has seen its biggest payout to date, and the recipient is a former CalPERS employee.
1,200 Retirees Earn Pensions That Exceed Federal Limits. Cities and Counties Pay.
More than a thousand public retirees in California are earning pensions that exceed the federal limit of $220,000, according to data from CalPERS.
New Study Highlights Explosion in Local Governments’ Pension Costs
“Rising pension expenditures are already changing the landscape of local government, and the findings here suggest that the future of local government may look very different than the past,” the study’s author said.
California Supreme Court Issues Key Pension Ruling
The California Supreme Court issued a much-anticipated ruling on public employee pension benefits Monday, but left a larger and much more consequential question about vested pension rights intact.<
Los Angeles Will Reform Controversial Pension Program
A controversial retirement program that paid some L.A. public safety workers double toward the end of their careers is headed for change following a series of investigative reports by the Los Angeles Times.
California’s High Court Hears Major Pension Dispute. Where Are the Justices Headed?
We’re nearly two weeks into a legal case that could have enormous implications for California’s future.
Rising Pension Costs Drive Proposed Tax Hikes Across California
Over 100 local governments will ask voters to increase taxes on Tuesday, which is nearly twice the record set in November of 2016.
Santa Barbara Grand Jury Issues Key Report on Pensions
A new report from the Santa Barbara County Grand Jury warns that many public pension plans in the county are facing significant liquidity and solvency risks, and that new policies may be required to keep the system sound.
As Pension Costs Rise, Brown Tells Local Governments They’re on Their Own
Many cities and counties “signed up for pensions they can’t afford” and need to “handle that themselves,” the governor said.